Real Estate

We are leaders in triple-net lease medical offices and facilities. We focus on generating attractive and secure returns for our investors in locations that are rapidly growing.



We invest in high quality triple-net lease medical offices and facilities, focusing on positive demographic trends and growing healthcare spend.


Our strategic focus in Florida and Texas allows us to understand the real estate and tax landscape of the two states. We have identified the high growth nodes in these states and are building the portfolio accordingly.


We invest in property people. Our real estate team includes various real estate professionals from asset managers, development professionals, property managers and medical specialists working together to build the best quality medical offices and facilities.


Our strict focus on triple-net leased medical buildings in two states, creates a unique ‘recession proof’’ investment opportunity in a world of uncertainty.

Our Strategy

With over 80 years of real estate experience, we provide our investors with opportunities to directly invest in medical office and facility buildings with blue-chip triple-net leased tenants.

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Our opportunistic approach allows us to acquire under-valued, well-located assets throughout the states of Florida and Texas.

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Our strategy focuses on blue-chip tenants with long term leases in well established and growing nodes.

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Our various businesses provide a seamless, creative, comprehensive and integrated business which leverages off our healthcare, Wealth & Investment and Global real estate expertise.

“Current projections estimate that just over 150,000 healthcare practitioners will be added to the economy over the next two years, and total demand for medical office space across the U.S. could range from 150.5 million to 225.8 million square feet by the end of 2026.”

Our Portfolio

Our real estate portfolio includes several medical office buildings throughout the states of Florida and Texas.

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Fresenius Medical Care is the world’s leading provider of products and services for people with chronic kidney failure. The Fresenius Group care for more than 345,000 patients in their global network of around 4,000 dialysis clinics.

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United Surgical Partners International is an experienced and trusted partner in some of the nation’s most successful ambulatory surgical networks. They currently own and operate over 400 ambulatory facilities where they serve more than 12,000 physicians and over 3.4 million patients each year.

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SimonMed Imaging

SimonMed Imaging is one of the largest outpatient medical imaging providers and largest physician radiology practices in the United States. Their practice consists of over 200 highly-experienced subspecialty-trained radiologists, and they operate across 9 states with over 150 accredited facilities.

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West Florida Radiation

The US Oncology Network is a Leader in value-based cancer care with over 900 physicians participating in the Center for Medicaid and Medicare Innovation Oncology Care Model – one fourth of the entire population of physicians nationwide. With Over 1,200 physicians in The Network and More than 470 cancer treatment center locations across the US.

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Pasadena Eye Center

A state-of-the-art facility, Pasadena Surgery Center offers the highest quality medical treatment using the latest technology and medical equipment. Physicians manage various eye diseases as well as perform cataract surgeries, glaucoma surgeries, refractive surgeries, and laser procedures.

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GI Alliance

The largest physician-led GI network in the US. GI Alliance is dedicated to exceptional care, positive outcomes, and patient satisfaction. With comprehensive gastrointestinal care, GI Alliance operates its +150 centers in 8 states.

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SCA Affiliates

Surgical Care Affiliates, Inc., is one of the largest providers of outpatient surgery in the United States. Based in Deerfield, Illinois, the company has a network of 220 ambulatory surgery centers in 35 states performing 1 million procedures a year. Since March 2017, the company is part of Optum.

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Eyesouth Partners

EyeSouth Partners is a premier network of integrated eye care practices located across the country. Their affiliate network consists of 21 practices with approximately 185 doctors providing medical and surgical eye care services at approximately 105 locations including 12 surgery centers throughout Georgia, Louisiana, North Carolina, Florida, Tennessee, Texas, Alabama, Ohio and Kentucky.

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InnovAge (INNV: NASDAQ) is the largest provider in the Program of All-Inclusive Care for the Elderly (PACE), a Medicare- and Medicaid-funded service. InnovAge Holding Corp. is a healthcare delivery platform. InnovAge is focused on providing frail, dual-eligible seniors, with all their medical care needs throughout the USA.

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C.H.I St. Lukes Health ER

CommonSpirit Health (C.H.I) is the largest Catholic health system, and the second-largest nonprofit hospital chain, in the United States (as of 2019). It operates more than 700 care sites and 142 hospitals in 21 states. Founded, in 2019, by the merger of Dignity Health and Catholic Health Initiatives; CommonSpirit Health formed as one of the largest non-profit hospital systems by revenue in the United States.

Our Team

We are an investment team focusing on real estate. Somewhere between sophistication and simplicity.

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Craig Hallowes

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Matthew Hallowes

Chief Investment Officer
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Gideon Trope

Chief Executive Officer
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Paul Kruger

Chief Financial Officer


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About Ironside USA

We are leaders in triple-net lease medical offices and facilities. We focus on generating attractive and secure returns for our investors in locations that are rapidly growing.

Additional INFO

Our Contacts

3rd Floor, 9 Kramer Road, Sandton
2191, Johannesburg, South Africa

(+27) 011 100 8266
(+1) 786 800 2520